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evening i susie gharib. u.s. stocks are trading again, after hurricane sandy forces an historic two-day shutdown. >> gom: llll street gets back to business, as damage and recovery estimates start to climb, plus,e what it takes to restore power to millions in the northeast. >> susie: and with stocks open for trading, no surpri, home depot was the dow's standout., >> tom: lots ahead, that and more tonight on "n.b.r."! >> susie: an historic day on here on wall street, after the storm of the century knocked down the financial district. us stoto markets resumedtsed operations today after two days in the dark, stocks were little changed: both the dow and the nasdaq fell 10 points, but the s&p 500 gained a fraction. trading here at the new york stock exchange opened without a hitch. th new york stock exchange opened right on time. and as new york's mayor bloomberg rang the opening bell this morning, traders were happy to be back to work. it looked like a normal day, with the buzz of activity, traders milling about. it was anything but normal no one knows that better than larry leibowitz, t
that encouraging report on jobless claims and the confidence survey were collected before hurricane sandy. meanwhile, the effects of the monster storm are paralyzing much of new jersey andew york city here's an update: four and a half million people are still without power, and it could take another ten days before power is restored. limited flights have re ad atme all of the airports in the new york area.at public schools are still closed in the city, as well as many schools in new jersey. and filling up on gas is the toughest problem of all. gas stations are running dry, and others do not have electricity to pump gas. motorists lined by the hundreds in new jersey, waiting and hoping for fuel. still ahead, we have more on sandy: flood insurance, the cost of getting power turned back on, and the challenge of getting around america's busiest city. >> tom: october marked a pick-up in private hiring. that's the word from payroll processing firm adp. it says u.s. private payrolls grew by 158,000 positions in october. that higher than expected number comes as adp overhauls how it calculates th
economy slows down, u.s. exports may follow suit. hurricane sandy showed up in the latest report on jobless claims, making them artificially low. initial claims for unemployment benefits dropped by 8,000 to a seasonally adjusted 355,000 at the end of last week. the number is expected to be revised higher as more data is collected. the labor department says one state filed fewer claims because of power outages, while the storm boosted claims in other states where more people looking for relief. later in the program, we'll look at sandy's impact on retailers. >> tom: the biggest bank in america has the okay now from uncle sam to pay back shareholders. jpmorgan will be allowed to restart a stock buyback plan early next year. like all systemically important banks jpmorgan has to get regulatory approval to change its dividend or stock-repurchase plan. the regulators want banks to have enough financial firepower to withstand troubled times before the banks will spend money on share holders. jpmorgan's buyback strategy was suspended this year after it lost $6 billion when a derivative t
spending and stronger u.s. exports also helped. the impact super-storm sandy has had on the job market seems to be dissipating. 23,000 fewer americans filed for first-time unemployment benefits during thanksgiving week compared to a week earlier. the total was 393,000. it had jumped to over 400,000 in the weeks following the storm. still, we saw just modest gains on wall street today-- the dow rose 36 points, the nasdaq was up 20, and the s&p 500 added six. >> tom: the roster of companies announcing special one-time paydays for their shareholders continued growing today. taxes on stock dividends are currently set at 15%. but with no deal on the fiscal cliff, dividends will be taxed like regular income, meaning they could go up to over 40% for some high-income households. we spoke with larry mendelson, the chairman and c.e.o. at avionics gear maker heico, which announced its own special dividend this week. larry, thank you for joining us, we appreciate it. what role did the fiscal cliff play in heico decision to paid fiscal dividend. >> i think the fiscal cliff was very important. and m
hurricane sandy battered the region. police cars in new york city patrolled low-lying neighborhoods, urging people to evacuate again. the approaching nor'easter brought a wintry mix of cold and snow and possibly, minor flooding in already damaged coastal areas. new york mayor michael bloomberg: >> we haven't and won't order the kind of large scale evacuation we ordered in advance of hurricane sandy but if you are experiencing significant flooding during sandy you should consider taking shelter with friends and family at a safer spot or using one of the city's storm center shelters. >> sreenivasan: in new jersey, thousands of storm-weary people braced for their brush with the new storm, even as cleanup efforts continued from "sandy". governor chris christie suggested it was a little like the biblical plagues. >> when i finally got that final kind of, forecast that i got last night, i said i'm waiting for the locusts and pestilence next, you know. >> sreenivasan: the storm could al bring wind gusts of 65 miles an hour-- bedeviling efforts to restore power to more than 600,000 customers still
from super storm sandy, a nor'easter is pummeling the region tonight, bringing with it powerful rains, wind and sleet. already today, 22,000 homes and businesses have lost power between the carolinas and new york. that's on top of the 650,000 people still without power from sandy last week. today's storm has also forced the cancellation of nearly 1,500 flights in the northeast, with newark airport in new jersey facing the most cancellations. >> susie: boeing showed today how it's preparing for the so- called "fiscal cliff": it's restructuring its defense business, big time. as the pentagon's largest supplier, boeing said it is slashing management jobs by 30%, consolidating business units and closing some defense facilities in california. boeing hopes to cut costs by more than $1.5 billion over the next two years. >> susie: boeing shares got caught up in the market downdraft, tom, falling 2%, and it had plenty of company. all 30 of the dow components were in the red today. >> there was a lot of red on the screen this post-election day. in europe, and also earnings, all getting mixed in
of manhattan, as the area still copes from the aftermath of hurricane sandy. elsewhere, volunteers served thanksgiving meals to needy families at homeless shelters across the country, like this one in washington, d.c. turkey and all the trimmings were also served to u.s. troops overseas at bases in afghanistan and kuwait. the british broadcasting corporation appointed a new director-general in the wake of its worst crisis in years. tony hall-- a former bbc news executive and currently the head of the royal opera house-- will replace george entwistle. entwistle resigned from the post earlier this month, amid a controversy stemming from the bbc's coverage of child sex abuse. >> sreenivasan: next, reducing greece's big debt. the troubled country appears to be on track to get some much- needed aid next week. but european union leaders meeting at a summit this week are still unable to agree on how to cut greece's debt to a more sustainable level. "newshour" economics correspondent paul solman has a behind the scenes look at the efforts to do so. it's part of his ongoing reporting on "making se
by hurricane sandy in new york has risen again to $42 billion. governor andrew cuomo announced the new figure today. it includes $32 billion for repairs and restoration and almost $10 billion more for measures to prevent damage from the next major storm. the state, along with new york city, will ask for federal disaster aid based on the damage tally. one of the legendary bands of rock 'n' roll is marking its golden anniversary. the rolling stones celebrated 50 years last night in london, with the first of five shows in the united kingdom and the u.s. nina nannar of independent television news filed this report. >> two and a half hours, 23 songs, and 50 years. . ♪ i said hey, hey, you, you. ♪ get off of my cloud. ♪ hey, hey, you, you, get of my cloud. ♪ hey, hey, you, you, get off of my cloud ♪ >> thankfully for the rolling stones glowing reviews on this, their opening night of their anniversary tour. ♪ i want to be your lover, baby i want to be your man ♪ >> reporter: the men have a combined age of 273 years. but last night, they were clearly enjoying their trip down memory lane
Search Results 0 to 7 of about 8